RTS Index – synergy of negative factors
"Deputies are coming to the finish line in working with tax legislation"
"The head of the Central Bank may raise the key rate again"
"Stoltenberg called for allowing Ukraine to use foreign weapons for strikes against the Russian Federation"
The introduction of VAT for the USN will lead to a significant increase in the cost of goods, which will affect demand, and as a result, entrepreneurs. An increase in the cost of goods will spur inflation, and as a result, a further increase in the key rate.
The continuation of the geopolitical aggravation does not allow the state to maintain a "reasonable balance" between the growth of the economy and the well-being of people and the solution of political issues.
TAKE PROFIT
Since the end of February 2023, the RTS index has been moving in an upward channel, the upper limit of which is the level of 1220 points. Having pushed off from the channel boundary and broken down the local upward trend, the index turned down. We believe that the target of the index movement is the lower limit of the channel of 1080 points (-9% of the current level of 1190).
STOP LOSS
Do not forget about risk management and portfolio diversification. If the index is fixed above 1230 points, then the forecast for a decline is canceled. The stop order[1] can be placed at the level of 1220 points (+2.5% from the current level of 1190).
[1] Risk management includes: setting a certain type of stop loss at certain levels, a position set method, a position reduction method, holding certain timings for decision-making and is of an individual nature, based on your personal risk profile. If you have any questions, you can contact our trader for advice (Portfolio Consultant package at the link https://eraperemen.info/priobresti/).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
